Bank of New York Mellon Corp Has $178.39 Million Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Bank of New York Mellon Corp trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 799,343 shares of the business services provider’s stock after selling 47,435 shares during the quarter. Bank of New York Mellon Corp’s holdings in Broadridge Financial Solutions were worth $178,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Broadridge Financial Solutions by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,020 shares of the business services provider’s stock valued at $209,784,000 after acquiring an additional 160,520 shares during the last quarter. Westpac Banking Corp grew its position in shares of Broadridge Financial Solutions by 1.8% in the 4th quarter. Westpac Banking Corp now owns 11,372 shares of the business services provider’s stock valued at $2,538,000 after purchasing an additional 197 shares during the period. Kesler Norman & Wride LLC grew its position in shares of Broadridge Financial Solutions by 6.5% in the 4th quarter. Kesler Norman & Wride LLC now owns 7,089 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 435 shares during the period. AXQ Capital LP acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $712,000. Finally, Waterloo Capital L.P. grew its position in shares of Broadridge Financial Solutions by 4.3% in the 4th quarter. Waterloo Capital L.P. now owns 10,005 shares of the business services provider’s stock valued at $2,233,000 after purchasing an additional 410 shares during the period. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total transaction of $304,730.00. Following the sale, the insider owned 1 shares of the company’s stock, valued at approximately $155. This represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 1.7%

BR opened at $151.49 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day simple moving average is $154.98 and its two-hundred day simple moving average is $187.56. Broadridge Financial Solutions, Inc. has a 1-year low of $139.79 and a 1-year high of $271.91. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 16.22 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm earned $2.44 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $0.975 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.90 annualized dividend and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 41.76%.

Analyst Ratings Changes

BR has been the subject of a number of recent research reports. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. UBS Group decreased their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. DA Davidson cut their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada cut their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.